After an unsuccessful attempt to buy truckload carrier Swift Transportation Co. Inc. in November, a group led by the company’s former chairman and CEO Jerry Moyes has entered into a definitive merger agreement to acquire Swift in an all-cash transaction for approximately $2.74 billion

And he’s taking it private?

“Swift has evolved into the operator of the largest truckload fleet in the United States with a dedicated and energetic team of employees, over 17,900 trucks and nearly $3.2 billion in revenues,” said Noyes in a statement. “I am extremely pleased to have reached this agreement with Swift and look forward to building on the unique Swift legacy that has positioned the Company for continued growth and success.”